KUKEY (Kuke Music Holding) Inventory Turnover: 20.42 (As of Dec. 2024)


What is Kuke Music Holding Inventory Turnover?

Kuke Music Holding KUKEY Inventory Turnover is 20.42 as of Dec. 2024.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Kuke Music Holding's Cost of Goods Sold for the six months ended in Dec. 2024 was $2.76 Mil. Kuke Music Holding's Average Total Inventories for the quarter that ended in Dec. 2024 was $0.14 Mil. Kuke Music Holding's Inventory Turnover for the quarter that ended in Dec. 2024 was 20.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kuke Music Holding's Days Inventory for the six months ended in Dec. 2024 was 8.94.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Kuke Music Holding's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.16.

Kuke Music Holding  (OTCPK:KUKEY) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Kuke Music Holding's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2024 )/Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=0.135/2.757*365 / 2
=8.94

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Kuke Music Holding's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2024 ) / Revenue (Q: Dec. 2024 )
=0.135 / 0.864
=0.16

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Kuke Music Holding Inventory Turnover Related Terms

Kuke Music Holding Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Kuke Music Holding's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Kuke Music Holding Inventory Turnover Chart

Kuke Music Holding Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Inventory Turnover
Get a 7-Day Free Trial 33.61 30.63 22.29 70.46 0.00

Kuke Music Holding Semi-Annual Data
Dec17 Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.11 8.44 9.18 22.48 20.42

Kuke Music Holding Inventory Turnover Calculation

Kuke Music Holding's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Inventory Turnover (A: Dec. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2024 ) / ((Total Inventories (A: Dec. 2023 ) + Total Inventories (A: Dec. 2024 )) / count )
=5.782 / ((0 + 0) / 1 )
=5.782 / 0
=N/A

Kuke Music Holding's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover (Q: Dec. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2024 ) / ((Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Dec. 2024 )) / count )
=2.757 / ((0.135 + 0) / 1 )
=2.757 / 0.135
=20.42

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 20.42 mean?
Kuke Music Holding (KUKEY) has a Inventory Turnover of 20.42 as of Dec. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Kuke Music Holding and its competitors.
Is Kuke Music Holding's Inventory Turnover too high?
Kuke Music Holding's current Inventory Turnover is 20.42.
How does Kuke Music Holding's Inventory Turnover compare to MVNC and ZNB?
Kuke Music Holding's Inventory Turnover of 20.42 can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Media - Diversified company?
A good Inventory Turnover depends on the Media - Diversified industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Kuke Music Holding and its competitors. Kuke Music Holding's current Inventory Turnover is 20.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kuke Music Holding stock overvalued right now?
Kuke Music Holding (KUKEY) has a current Inventory Turnover of 20.42. The current Inventory Turnover is 20.42. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Kuke Music Holding (KUKEY), the current Inventory Turnover is 20.42 as of Dec. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Kuke Music Holding Business Description

Address 4 San Jian Fang South Block, Building 96, Chaoyang District, Beijing, CHN, 100024
Kuke Music Holding Ltd provides classical music licensing, subscription, and education services in China. The company licenses its music content to online music entertainment platforms, such as Tencent Music Entertainment Group, digital music service providers, such as NetEase Cloud Music, as well as film and TV production companies, airlines, and smart hardware companies. Users can access the platform through the website, mobile app, and smart music devices.